Business

Dubai, 10 March 2019: In line with Dubais reigning leadership to attract investments from key global markets, the Dubai Investment Development Agency (Dubai FDI) - the investment development agency of the Department of Economic Development (DED) in Dubai - kicked off recently its first of a series of visits for 2019 under the Global Promotional Investment Program.

The tour, which takes place from March 9 to March 16, 2019, is aimed towards strengthening bilateral relations with one of the most important global economic powers while also opening new markets aligned with Dubais vision to promote economic diversification. The mission is scheduled to visit Los Angeles, California and Denver, Colorado.

The organization of the Promotional Investment Mission falls in line with Dubai FDIs continuing efforts to establish partnerships with international investors--enabling them to expand and sustain their business through the Emirate of Dubai and highlight the opportunities for partnership and knowledge between the United Arab Emirates (UAE) and the United States of America (USA) in the field of investment and exports. This is the second time that Dubai FDI will be holding a promotional investment mission to these cities.

A total of 18 senior executives from key sectors are scheduled to participate in the Promotional Investment Mission, which is led by the Dubai Investment Development Agency (Dubai FDI) and also including key agencies like the Dubai Exports, Dubai Science Park, Dubai South, Dubai Airport Freezone, Dubai Multi Commodities Centre (DMCC), The Emirates Group, US-UAE Business Council and UAE diplomatic representatives in the United States.

The new mission continues to demonstrate Dubais strong capabilities as an ideal hub and gateway for businesses in the US keen to expand their reach in the UAE and the Middle East. The mission focuses on promoting the opportunities and significant advantages available in the local market, including vital sectors that contribute to achieving the targets of Dubais industrial plan 2030 such as advanced manufacturing industries, including aerospace and medical life sciences, as well as food products, logistics and other fast-moving consumer goods.

Fahad Al Gergawi, CEO, Dubai FDI, said: We are convinced that Los Angeles and Denver hold exciting prospects for mutually beneficial and sustainable partnerships between Dubai and the US. Los Angeles is already a major exporter of varied agricultural produce, transportation equipment, computers, and electrical products as well as services in the software, legal and academic domains to the UAE. Denver also presents a rich platform to capitalize on Dubais focus on innovation, services and high-tech industries, over and above our existing trade and investment partnerships.

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